SURVEY INDICATES BUSINESS CONFIDENCE AT FIVE-YEAR HIGH
By Katie Eder/NJBIZ
December 11, 2012
An indicator of businesses’ outlook on the state economy reached positive territory for the first time in five years, but companies still balk at the cost of doing business here, which is holding back hiring, according to a survey released by the New Jersey Business & Industry Association at its annual public policy forum today in the Iselin section of Woodbridge.
According to the NJBIA 2013 Business Outlook survey, 17 percent of the 1,470 respondents hired additional workers in 2012, while 22 percent laid off employees this year. However, NJBIA President Philip Kirschner called that an improvement from 2011’s numbers which were 15 percent and 27 percent, respectively.